Polyglyconate Sutures Market Expected to Secure Notable Revenue Share during 2018-2026 // Top Companies - Medtronic Plc., Lotus Surgicals

The North America market for polyglyconate sutures holds a large revenue share owing to presence of major key players, higher adoption of technologically advanced products and increase in prevalence of chronic disease. Rising number of surgeries and augmenting demand for advanced treatment procedures propel the market of Polyglyconate Sutures Market in North America. Europe accounts for the second large revenue share in the polyglyconate sutures market

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Sutures are widely used materials in wound closure. Sutures are commonly known as stitches or surgical threads which are used to repair cuts. Sutures are used to hold the skin, tissues of the human body and blood vessels. There are many kinds of sutures such as absorbable and non-absorbable sutures. Absorbable sutures break down after a period of time as the wound heals. Polygyconate sutures are monofilament absorbable synthetic sutures used for extended wound healing for about six weeks. Polygylyconate sutures are copolymers of glycolic acid and trimethylene carbonate. Synthetic polyglyconate sutures are used for general soft tissue approximations or ligation and in peripheral surgery. Monofilament sutures generally provide a better passage through tissues and elicit lower tissue reaction compared to braided sutures. Polyglyconate sutures have the strongest initial tensile strength of all the other types of sutures and residual strength decreases rapidly. Polyglyconate sutures are preferred in gastrointestinal surgery and in surgery of congenital heart defects. The advanced extrusion process of the polygyconate molecules gives sutures in-vivo strength retention, knot trying security excellent handling and minimal memory.  Polyglyconate sutures have advantage over other sutures such as lack memory, pass easily through tissues, improved handling properties and demonstrate superior strength.

Polyglyconate Sutures: Market Dynamics

Increase in number of surgical procedures owing to increasing chronic disease and technological advancement in the usage of various kind of surgical sutures are expected to drive the growth of the polyglyconate sutures market. New product launch and increasing demand for cosmetic surgeries propel the polygyconate sutures market. Increased disposable income is the major factor that contributes towards the growth of the polyglyconate sutures market. However, increase demand for minimally invasive surgical products, improper sterilization system, and lack of skilled professionals in developing countries hinder the growth of the polyglyconate sutures market globally. Side effect caused by sutures is major barrier in polyglyconate sutures market.

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On the basis on application, the cardiovascular surgeries segment accounts for a large share in the polyglyconate sutures market due to increase in cardiac disease patient pool owing to unhealthy lifestyle. General surgeries show significant growth owing to number of accidents. 

On the basis of end users, the hospital segment shares a large share owing to increase in number of surgeries such as cardiovascular surgeries. Growing popularity in cosmetic surgeries and increase in chronic disease contribute in the share of hospitals in end users segment. Specialty clinics segment shows significant growth in the polyglyconate sutures market.

Polyglyconate Sutures Market: Region-wise Outlook

The North America market for polyglyconate sutures holds a large revenue share owing to presence of major key players, higher adoption of technologically advanced products and increase in prevalence of chronic disease. Rising number of surgeries and augmenting demand for advanced treatment procedures propel the market of polyglyconate sutures market in North America. Europe accounts for the second large revenue share in the polyglyconate sutures market owing to developed healthcare infrastructure, good reimbursement policies. Asia Pacific is expected to witness rapid growth owing to increase in medical tourism, improved healthcare infrastructure, large patient pool suffering from cardiovascular disease, coronary thrombosis and others and low cost of treatment and increase prevalence of lifestyle disease. China is expected to show significant growth owing to increase geriatric population and increase in disposable income. Latin America and Middle East & Africa are expected to show slow growth owing to lack of awareness among population and less developed healthcare facilities.

Polyglyconate Sutures Market: Key Players

Examples of some of the key players present in the global polyglyconate sutures market are Medtronic Plc, Lotus Surgicals, and others.

The report covers exhaustive analysis on:

Polyglyconate Sutures Market Segments
Polyglyconate Sutures Market Dynamics
Historical Actual Market Size, 2012 - 2016
Polyglyconate Sutures Market Size & Forecast 2016 to 2024

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